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AfDB debars CHINT Electric for 36 months for fraudulent practices

The African Development Bank Group (AfDB) has reached a settlement agreement with a power transmission and distribution equipment manufacturer and EPC contractor, CHINT Electric Co. An investigation conducted by the Bank’s Office of Integrity and...

Zimbabwe: Gwanda solar farm receives $52m guarantee

Chinese electrical engineering group CHiNT Electric has committed a $52 million guarantee for the 100MW Gwanda solar farm. The Chinese company said it is willing and ready to provide a guarantee covering 30% of the...